Guaranteed 3 Percent COLA for Seniors Act of 2015

HB 3588 Guaranteed 3 Percent COLA for Seniors Act of 2015

US Congress 114th Congress

Guaranteed 3 Percent COLA for Seniors Act of 2015
HB-3588


About HB-3588

Guaranteed 3 Percent COLA for Seniors Act of 2015 Directs the Bureau of Labor Statistics of the Department of Labor to prepare and publish a monthly Consumer Price Index for Elderly Consumers that indicates changes over time in expenditures for consumption which are typical for individuals in the United States age 62 or older. Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to:

  • (1) require the use of such index to compute cost-of-living increases for Social Security benefits; and
  • (2) provide, in the case of individuals who have attained age 62, for an annual cost-of-living increase of at least 3%.

  

Bill Texts

Introduced 09/26/2015

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History

Referred To The Subcommittee On Health, Employment, Labor, And Pensions.

03/23/2016

Referred To The Subcommittee On Social Security.

09/29/2015

Introduced In House

09/22/2015

Referred To The Committee On Ways And Means, And In Addition To The Committee On Education And The Workforce, For A Period To Be Subsequently Determined By The Speaker, In Each Case For Consideration Of Such Provisions As Fall Within The Jurisdiction Of The Committee Concerned.

09/22/2015

Referred To House Ways And Means

09/22/2015

Referred To House Education And The Workforce

09/22/2015